Word: sovietization
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Dates: during 1930-1930
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Chief Charge. Back in Manhattan the committee returned to the charge, made by Grover Aloysius Whalen, onetime New York Police Commissioner, and supported by dubious documents, that Amtorg Trading Corp., Soviet commercial agency in the U. S., is also the secret U. S. headquarters for Soviet political propaganda and agitation (TIME, May 12). At the hearings, bomb squad detectives lined the walls. A Russian monarchist sat just behind the committee to prompt and whisper. Curious women fanned and gasped in the stuffy room...
Refutation. Prime Amtorg witness was Peter A. Bogdanov, thickset, blue-eyed, bearded Amtorg board chairman. He explained the history of Amtorg? founded in 1924 as a U. S. concern owned by the Soviet Bank of Foreign Trade. In six years, he said, it has bought $580,000,000 worth of U. S. goods for export to Russia, secured $30,000,000 in credits from U. S. banks. Its trade had declined lately as a result of world outbursts against the Soviet's anti-religious program (TIME, March 10) and attacks upon it by Mr. Whalen. A Russian revolutionary since...
...accusations against the Amtorg are absolutely without foundation. . . . The Amtorg has built up a substantial credit position. The accusations against the company have undoubtedly harmed its reputation with some firms. The further development and even the continuance of Soviet-American trade will be an almost impossible task unless the accusations against the company are . . . as we confidently expect them to be, found to be baseless...
Into this last statement might have been read a threat of Soviet bovcott against the U. S. unless the Fish Committee exonerated Amtorg. In Moscow, Soviet Commissar for Foreign Affairs Litvinov enunciated this threat explicitly. If the committee was not impressed, the business world that does a $100,000,000 per year business with Russia was. The New York Journal of Commerce took the committee to task for trampling about in a field of international trade where it had no business...
When the Raymond & Whitcomb cruise ship Carinthia (chartered Cunarder) with 450 U. S. tourists aboard hove into Leningrad last week, obliging Soviet travel agents appeared, conducted them on a four-day tour (including Moscow) for which each paid $400. This figures out to a total of $180,000, but the Soviet press presently announced that the tourists actually spent $250,000. "One man from Boston," said Pravda, "paid our Government 25,000 rubles [$12,750] for a silver tea set which belonged to the Tsar." Buying began on the very landing pier in a specially erected bazaar, stocked with products...